Slip at Mountain View Auction

pjard · 06-19-2014, 07:54 AM

Capital appreciation? I don't see that happening anytime soon. There are LOTS of slips for sale/rent and many other alternatives like rack storage and morings. The inventory is much higher than the demand. Even at $37K my money is doing better at Fidelity. I agree that it sold for a bargain price but from an "investment" standpoint slips have to drop to the mid $20's before it makes sense. Now all things considered I do agree that "owning" your own is good peace of mind and that is a factor that you really can't put a price on. The other factor for me personally is that I live in Gilford and have access to the lake at 3 different locations (Gilford Town Beach, Gunstock Acres Beach, family member in West Alton). The club ammenities have almost $0 value to me. That's pretty important I guess in the big picture.

codeman671 · 06-19-2014, 09:04 AM

The average selling price of slips in Gilford has dropped considerably in the last 10 years. I think that $37k however is a safe "buy" price. In Gilford Yacht Club slips that are $50k now used to sell between $75-100k. The larger, more rare slips that have unlimited length or beam are still a rarity and can command a larger price as for those that have a very large boat they just cannot be put anywhere.

Slips down in Minge Cove command a premium and have solid demand as they have a captive audience of islanders and not a lot of space available to rent. Minge Cove is a more ideal marina for islanders than WAM from what I have been told by islanders in the Alton area.

As far as the math goes, if you have cash to spend and don't mind tying it up buying is not a bad idea. If you have to finance the long term cost of ownership is not great.

jrc · 06-19-2014, 09:35 AM

We are still locked into a jobless recovery, so "fun" spending is depressed. Assuming we eventually recover from this recovery, demand will increase.

There will never be less people than there are today, and there will never be more shoreland.

06-19-2014, 07:54 AM	#1
pjard Senior Member Join Date: Aug 2002 Location: Gilford, NH Posts: 640 Thanks: 501 Thanked 195 Times in 102 Posts	Capital appreciation? I don't see that happening anytime soon. There are LOTS of slips for sale/rent and many other alternatives like rack storage and morings. The inventory is much higher than the demand. Even at $37K my money is doing better at Fidelity. I agree that it sold for a bargain price but from an "investment" standpoint slips have to drop to the mid $20's before it makes sense. Now all things considered I do agree that "owning" your own is good peace of mind and that is a factor that you really can't put a price on. The other factor for me personally is that I live in Gilford and have access to the lake at 3 different locations (Gilford Town Beach, Gunstock Acres Beach, family member in West Alton). The club ammenities have almost $0 value to me. That's pretty important I guess in the big picture.

06-19-2014, 09:04 AM	#2
codeman671 Senior Member Join Date: Jan 2005 Posts: 3,516 Thanks: 221 Thanked 821 Times in 493 Posts	The average selling price of slips in Gilford has dropped considerably in the last 10 years. I think that $37k however is a safe "buy" price. In Gilford Yacht Club slips that are $50k now used to sell between $75-100k. The larger, more rare slips that have unlimited length or beam are still a rarity and can command a larger price as for those that have a very large boat they just cannot be put anywhere. Slips down in Minge Cove command a premium and have solid demand as they have a captive audience of islanders and not a lot of space available to rent. Minge Cove is a more ideal marina for islanders than WAM from what I have been told by islanders in the Alton area. As far as the math goes, if you have cash to spend and don't mind tying it up buying is not a bad idea. If you have to finance the long term cost of ownership is not great.

06-19-2014, 09:35 AM	#3
jrc Senior Member Join Date: Apr 2004 Location: NH Posts: 2,689 Thanks: 33 Thanked 439 Times in 249 Posts	We are still locked into a jobless recovery, so "fun" spending is depressed. Assuming we eventually recover from this recovery, demand will increase. There will never be less people than there are today, and there will never be more shoreland.

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